Posted on: 09 December 2014 by Ross McSweeny
SAS is set to complete acquisition of Cimber in April 2015, allowing the airline to maintain and develop regional routes within its network for the benefit of SAS customers.
Since 2004, SAS has held a wet lease agreement with Cimber for regional jet operations. This agreement is due to expire in March 2015.
Under the acquisition, SAS will transfer production of its smaller regional aircraft, including 12 Bombardier CRJ900s, to Cimber’s base in Copenhagen. Cimber’s current fleet of CRJ200s and ATR 72s will be removed from service.
The acquisition also involves the continuation of Cimber’s decision to receive CO2 emission rights for the years 2015-2020. The nominal value of these rights currently amount to approximately DKK35m, subject to the European Commission's approval of the Danish allocation plan forEuropean Aviation Allowances(EUAA) for 2015-2020.